The Michaels Organization in Major Indiana Affordable Housing Portfolio Acquisition

The Michaels Organization, a New Jersey-based residential real estate agency that is the largest private sector owner of affordable housing in the United States, has acquired a 12-property residential portfolio in Indiana. 

The real estate portfolio includes affordable housing, workforce housing, and commercial spaces totaling 831 units, bringing Michaels’ presence in the midwestern states to more than 5,300 apartments.

“These are high-quality, well-managed communities that have provided much-needed affordable and workforce housing to families and seniors in the Fort Wayne and Indianapolis areas over the past 20 years,” said Kunal Chothani, Vice President of Acquisitions for The Michaels Organization. 

The Michaels Organization is a major acquirer of properties nationwide, acquisitions being the primary mode of growth for the company. Last year, the company acquired 15,000+ units of privatized military housing.